Buy to Let Lending Criteria for salaried income

Lending criteria

Salaried income

Main income
Employment must be permanent
There is no minimum time in current employment
100% of gross basic salary accepted.

Second Job Income
100% can be accepted
Employment must be permanent and sustainable.

Probationary period
All probationary periods can be disregarded.

Bonus and overtime
We accept 60% of sustainable overtime and bonus as long as the total amount doesn’t exceed the basic income.

Commission
We accept 60% of sustainable commission, if the amount does not exceed basic salary.

Confirmed pay increase
Pay increases are acceptable and must be confirmed by the employer. Increases must be within a reasonable time frame and will be reviewed by your underwriter.

Future employment
Income can be used as part of the affordability assessment as long as the employment is to start within the next 3 months and this can be evidenced of a signed contract. The future employment must meet all other standard employment criteria.

Evidence Required

For 75% LTV and below, we require the latest payslip plus corresponding bank statement.
For above 75%, we’ll need the latest 3 payslips, plus a corresponding bank statement showing the salary credit for just the latest payslip.